Senate passes fiscal-cliff agreement

WASHINGTON (MarketWatch) -- The Senate early on Tuesday morning overwhelmingly approved a fiscal-cliff agreement struck hours earlier by the White House and Senate Republicans. The bill raises taxes on family income of over $450,000, increases taxes on capital gains and dividends for those households to 20%, and delays for two months $110 billion in spending cuts. Eighty-nine senators voted for the measure and eight voted against. The House may consider the bill on Tuesday afternoon, in a rare New Year's Day session.

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